Archive | bankruptcy in business

Bankruptcy and Business: Deciding on the Right Chapter to File for Bankruptcy

November 07, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business,debt,finance   |   0 Comments

Frequently in this blog, we touch on the manner in which bankruptcy impacts business.  Many big-name businesses have been facing financial difficulties or have even filed for bankruptcy in recent months, such as Sears, Gibson Brands Inc., and Andy Warhol’s Interview magazine, just to name a few. It seems scary that these businesses have been […]

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Springing Back from Bankruptcy

October 24, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business,debt,finance,recession   |   0 Comments

Many view bankruptcy as the end of the road – money runs out in business, or personal debt is impossible to manage, for example. The only way out for some is bankruptcy. But bankruptcy may actually help struggling businesses recover, and can even push business owners to increase their efforts and make their businesses not […]

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Losing Profit Leads to Store Closings for Sears

July 05, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business   |   0 Comments

Remember the days when everyone would shop at Sears for back-to-school clothes after receiving the annual catalog in the mail? Well, the once-dominating department store is closing stores across the U.S. This is due to the company’s inability to reach sales goals, which ultimately means they’re losing profits. They currently can’t afford to keep stores […]

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Andy Warhol’s Interview Magazine – The End of an Era

June 01, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business   |   0 Comments

In 1969, Interview magazine was founded. It is a publication that details arts and culture, and which was started by Andy Warhol. On Monday, May 21, 2018, employees of the magazine company publicly tweeted that the publication is filing for bankruptcy. This comes nearly 50 years after the first issue was released. Let’s take a […]

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Bankruptcy in the News – Gibson Brands, Inc. Files for Bankruptcy

May 09, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business   |   0 Comments

For any musicians reading this, you may be devastated to learn that the guitar company, Gibson, recently filed for bankruptcy. But don’t worry, all may not be lost; the leading guitar company plans to stay in business by focusing solely on manufacturing and selling guitars and other instruments, while gutting its consumer electronics line of […]

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